Good morning. Engagement isn't one number. It's a shape — and most companies have never looked at theirs.
Growth.
The Power User Curve
If you plotted every one of your users by how many days out of the last twenty-eight they actually turned up, would there be a bump at the far right — a genuine core who use this most days — or one long slide from the left with nothing at the end? Most businesses find the slide the first time they look. It's a much cheaper thing to discover this morning than in a board meeting.
In August 2018 Li Jin and Andrew Chen, both then investing at Andreessen Horowitz, published a piece called The Power User Curve, arguing that one chart tells you more about engagement than any summary number will. Building it takes an afternoon. Take a month and, for every user, count how many days in it they were active. Then plot the histogram: days active along the bottom, share of users up the side. Jin and Chen drew theirs over thirty days; plenty of teams use twenty-eight instead, because four whole weeks removes the weekday-weekend distortion. What comes out is a shape, and the shape is the finding. Consider two products. In the first, every user drifts in about one day a week. In the second, a fifth of users are there almost daily and everyone else appears once. Those two can post near-identical monthly engagement ratios and they aren't remotely the same business: one has a habit at the top, the other has a long tail of tourists. Jin and Chen's name for the healthy version is a smile — heavy on the left, where new and casual users always sit, but turning up again at the far right. Most curves have no right end at all.
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